Nam Cheong
Posted:
Fri Sep 30, 2011 8:36 amby winston
not vested
Singapore-listed Malaysian offshore vessel builder Nam Cheong said on Thursday it had secured contracts to sell three vessels for a total of around $51.5 million.
Source: Reuters
Re: Nam Cheong
Posted:
Tue Jul 01, 2014 6:11 pmby winston
not vested
Nam Cheong announced that it has secured contracts for four vessels worth approximately USD92m, boosting the current order book to 25 vessels worth MYR1.7bn.
Three of the vessels were platform supply vessels (PSVs) of 3,000dwt each, equipped with Dyanamic Positioning System 2 (DP2).
These vessels were sold to a repeat customer which is a leading oilfield services company based in Asia.
The last vessel is a 200-men Accommodation Work Boat, equipped with DP2 and sold to a new customer, Maridive And Oil Services S.A.E based in North Africa.
Maintain BUY with SGD0.53 TP - Nam Cheong is our Top Pick in the Offshore & Marine sector.
Source: DMG
Re: Nam Cheong
Posted:
Thu Jul 03, 2014 5:05 pmby winston
not vested
Nam Cheong (Share price: S$0.395, TP: S$0.47)
Offshore support vessel builder continues to benefit from industry upcycle and positive market dynamics in Malaysia.
Its built-to-stock business model, while riskier, has beaten our expectations time and time again.
We believe its shipbuilding margins can potentially surprise on the upside.
Source: DBS
Re: Nam Cheong
Posted:
Tue Jul 15, 2014 1:58 pmby winston
not vested
Nam Cheong Ltd (NCL SP): Optimism reinforced; reiterate BUY TP SGD0.55
EPS raised by 23-26% over FY15E-16E on positive vessel sales and contract win outlook.
Will benefit disproportionately from a recovering OSV demand cycle due to added support from the robust Malaysian oil and gas market.
Reiterate BUY, TP raised to SGD0.55, pegged to 2.2x FY15E P/B based on Gordon Growth model.
Source: Kim Eng
Re: Nam Cheong
Posted:
Mon May 25, 2015 1:13 pmby behappyalways
Nam Cheong struggling to find buyers for 26 built-to-stock vessels
http://sbr.com.sg/energy-offshore/news/ ... ck-vessels
Re: Nam Cheong
Posted:
Wed Jun 24, 2015 11:20 amby behappyalways
Not vested
Will Nam Cheong’s vessel sales sink to crisis levels this year?
http://sbr.com.sg/energy-offshore/news/ ... evels-year
Re: Nam Cheong
Posted:
Thu Feb 25, 2016 11:23 amby behappyalways
Nam Cheong sinks into the red with 4Q net loss of $7.2 mil
http://sgx.i3investor.com/servlets/fdnews/58375.jsp
Re: Nam Cheong
Posted:
Tue Aug 16, 2016 4:46 pmby behappyalways
Nam Cheong sinks into the red with $12.6m losses in 1H16
http://sbr.com.sg/energy-offshore/news/ ... es-in-1h16
Re: Nam Cheong
Posted:
Mon Dec 05, 2016 6:37 pmby behappyalways
Re: Nam Cheong
Posted:
Thu Mar 09, 2017 5:17 pmby behappyalways